HARTFORD, Conn. (WTIC Radio) - All attorneys general representing all eligible states and U.S. territories, including Connecticut, sign onto a $7.4-billion settlement with Stamford-based Purdue Pharma and its owners, the Sackler Family, to resolve litigation in the nationwide opioid crisis.
“There will never been enough justice, accountability or money to restore the families whose lives have been wrecked or to right the terrible consequences of the Sackler family’s craven misconduct," says Attorney General William Tong in a written statement.
Under the Sacklers’ ownership, Purdue made and aggressively marketed opioid products for decades, fueling the largest drug crisis in the nation’s history.
The settlement ends the Sacklers’ control of Purdue and their ability to sell opioids in the United States.
Most of the settlement funds will be distributed in the first three years. The Sacklers will pay $1.5 billion and Purdue will pay roughly $900 million in the first payment, followed by $500 million after one year, an additional $500 million after two years, and $400 million after three years.
Connecticut first filed suit against Purdue and individual members of the Sackler family in 2019, alleging that the company and family peddled a series of falsehoods to push patients toward its opioids.
